The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reports. This increase follows a 0.2% increase in July.
The core CPI, which excludes food and energy, increased 0.1% in August. This follows a 0.2% increase in July.
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More
Over the last 12 months CPI has increased 1.5%.
Where U.S. inflation measures currently stand: